Lately my blog posts have been a hodgepodge of little things to make up a whole post. It’s tough when you don’t have a lot going on, and sometimes I feel like my blog posts are the blind leading the blind. I don’t have much to offer in way of advice, particularly because I haven’t found anything that is working for me sales-wise.
Anyway, like everyone else, I’m glad the election is over, though I”m sure we’re far from finding peace. Hopefully that won’t deter readers from reading like it has over the past few weeks. I can’t tell you the number of authors who have complained about sinking sales. It is what it is. I’m in the hole with my ads this month and I paused all of them and created a few new ones to target holiday romance for my series. What’s really nice is that Amazon now lets you run ads to your series page which allows a reader to pick up all the books with one click.
We’ll see how that goes. I haven’t done the math to look at read-through for all my books, but I can do that now, out of curiosity. The last book was published in May of this year, so I only have five month’s of data too interpret. Using the read-through instructions and formula by Malorie Cooper on Dave Chesson’s Kindlepreneur website, read-through is dividing the copies of the second book sold by the copies of the first book sold. You have to do a little math if you’re in KU.
Remember, the number of KU pages read divided by the number of KENPC pages in your book will tell you how many books those page reads equal to.
Doing the math, I have sold 214 of the first book in my series between June 1st 2020 and October 31st. That total includes both sales and KU pages read.
I have sold 97 books (together with sales and KU pages read) of book two.
That’s a read-through of 40%. 40% of my readers who read book one went on to read book two.
A profitable series will have a strong read-through for all the books, and we can calculate read-through of book two to three doing the same math:
Book two’s sales and KU page reads was 97 books. Book three has a total of 76 books sold. (Together with sales and KU reads.) That makes read-through (76/97=) 78%
And read-through from book 3 to book 4 using all the same formulas: 88% read-through. Meaning 88% of people who read book three will finish the series and read book four.
According to Mal Cooper, my 40% read-through from book one to book two could indicate a problem. I already know from reviews that the reception of my male main character is lacklustre at best. As I’ve said in the past, a physically damaged character is neither sexy nor romantic. Besides trying to market the book as a beauty and the beast retelling, there’s not much I can really do. His injuries make the whole book. It’s nothing I can go and change to encourage read-through. My sales from book one to two will just have to be a lesson in the future. It’s also a reminder if you’re going to invest time in a series, you need to hit it out of the park or the other books won’t matter. Your book one won’t be good enough to entice readers to read them.
I will keep an eye on my ads, make sure they stay profitable. With the holiday season approaching, if I can grab a couple sales and come out ahead, it will be worth advertising.
In other news, IngramSpark has decided to give ISBNs away if you publish through them, like Kindle Direct Publishing has done all along. The only problem with that is if you publish on Amazon and use their free ISBNs, you can’t turn around and use those on Ingram. Then you take the free ISBNs from Ingram and all of a sudden your book is listed under many numbers, and that doesn’t sound good to me.
I realize buying ISBNs in the States is a big pain, not to mention very costly, but when people say you need to invest in your business, this is what they’re talking about. You need to protect your work. I buy my ISBNs from Bowker and use the same paperback ISBN on both Amazon and Ingram. That way my paperback is listed under one number. The one I paid for that belongs to me. That’s important to me. I also use an ISBN number for each of my ebooks. Some will say that’s a waste of money because Amazon will assign your book to an ASIN number, but then if you’re wide, you can’t use that ASIN number as that belongs in only Amazon’s system. So there again, you have different identifying numbers for every ebook platform you publish on.
There is has been argument in the past that you can’t use the same ISBN number for a .MOBI file and an ePub because they are different formats. Then you have people who say that a digital file is a digital file. When I went wide, I used the same ISBN number for my ebooks across all platforms and nothing bad happened. I can’t imagine this would even be an issue now that Amazon asks you to upload an ePub to their platform instead of a .MOBI file.
You can have Ingram distribute to Amazon, but I’ve heard of people having trouble with their books being available (listed “out of stock” instead) and you don’t have access to your KDP dashboard and you can’t run ads if Ingram supplies your books to KDP. It’s always better to go direct where you can. It might take a little hassle, but then, we went indie to stay in control, didn’t we?
I’m 20k into my new project, about a man tasked to finding a husband for his boss’s daughter in exchange for a portion of the company he helped build. It’s going well, though I feel like no matter how much planning I’ve done with this book, I’m pantsing it. Maybe I’m just tired or maybe I’m still not used to writing in first person present, but it’s coming along, and if I keep up the slightly faster pace than a NaNo participant, I should be done with it by the end of the month. We’ll have to see if that happens. I have a lot coming up in the next couple of weeks, namely a longer work schedule, Thanksgiving, a couple of birthdays and possible jury duty. I write when I can, though, so if not by the end of the month, by the middle of December, for sure. Here’s a sneak peak of a sliver of a scene I wrote the other day. There is potential for spin-off books, but I still have my 6 book series I need to polish to release next year. I’m grateful there is so much to write about.
That’s going to be all for today! I hope you have a productive week! Good luck to those participating in NaNo!
It’s awesome to see someone making so much effort and calculating so much while selling their books. After all, being an indie author is a business and not merely an occupation.
By the way, I liked that description and excerpt you posted! It seems like a very different plot! I’d love to read it some day after it comes out! =D I’ll be on the lookout for it! 😉